Humidifier Market: Key Trends and Growth Opportunities

Posted 2024-12-20 11:05:03

The global humidifier market size was estimated at USD 4.43 billion in 2023 and is projected to grow at a CAGR of 7.73% from 2024 to 2030. Increasing awareness about the health benefits of maintaining optimal humidity levels, such as reducing the incidence of respiratory issues, virus infection, dry skin, and sinus problems, is driving demand for humidifier. This is particularly evident in regions with dry and arid climates or significant seasonal variations, where dry indoor air is a common issue. The increasing incidence of respiratory diseases such as asthma and allergies has led to a greater emphasis on maintaining optimal humidity levels, thereby driving the market for humidifier. According to the American Lung Association, Asthma affects around 24.8 million population in the U.S., including over 5.5 million children, causing millions of emergency department visits and tens of billions in healthcare costs annually.

The humidity level in the air can affect the survival and transmission of pathogens, including viruses and bacteria. When the air is too dry, some pathogens can remain viable for longer periods, making it easier for them to spread. Maintaining humidity within the recommended range, typically between 40% and 60%, reduces the viability and transmission of infectious agents. This is because, in air with relative humidity (RH) above 40%, airborne viruses within droplets become less stable and are more likely to deactivate quickly, making them less infectious. Thus, the ability of humidifier to play a vital role in infection control in hospitals by helping to maintain the appropriate levels of humidity in healthcare environments drives the overall market growth.

Gather more insights about the market drivers, restrains and growth of the Humidifier Market

Key Humidifier Company Insights

Market players such as Condair Group, Teleflex Incorporated, Medtronic, CAREL and TruSens are utilizing various strategies such as product launches, expansions, and acquisitions to enhance their market presence and remain competitive. For instance, in August 2022, TruSens launched a new series of high-performance Humidifier, which includes two models - N-300 and N-200. These models feature an improved and long-lasting water softening & demineralizing filter, resulting in reduced mineral accumulation and white dust formation. Both models come equipped with TruSens' exclusive SensorPod technology, which acts as a remote control & humidity monitor.

Recent Developments

• In April 2024, Condair announced that Konvekta, an energy recovery specialist, is utilizing the Condair ME evaporative humidifier as a standard adiabatic cooling solution in its exhaust air cooling systems. The company aims to achieve up to 92% annual energy recovery for its clients' buildings.

• In February 2024, Canopy, a beauty and wellness brand, launched its Canopy Portable humidifier, a dermatologist-approved hybrid cool mist humidifier. The humidifier's 500-milliliter tank can run for up to 24 hours without needing a refill. It has three adjustable settings, and Canopy's proprietary dry-out mode technology prevents mold growth by keeping air flowing until there's no water left, ensuring hydration.

• In September 2023, Smartmi introduced its High-Capacity Evaporative humidifier 3, designed to improve air quality and convenience. This product offers mist-free natural humidification, a 350ml/h humidity output, and a large 5L tank. It features smart controls and ultra-quiet operation, making it ideal for individuals with respiratory issues, the elderly, infants, vocal performers, and those in homes with dry climates and forced air heating.

• In October 2022, Medtronic separated its Patient Monitoring and Respiratory Interventions businesses into a new entity, NewCo. This strategic move aimed to enhance value for Medtronic and its shareholders by allowing the company to concentrate on long-term strategies for innovation-driven growth. The separation was expected to optimize focus and capital allocation, positioning NewCo to unlock its value.

Global Humidifier Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global humidifier market report based on product, end-use, and region.

Product Outlook (Revenue, USD Million, 2018 - 2030)

• Heated Humidifier

• Adiabatic (High-pressure & ultrasonic)

• Bubble Humidifier

• Passover Humidifier

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Outpatient Facilities

• Home Care

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.